Northern Trust Co. (NASDAQ:NTRS) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its stake in Northern Trust Co. (NASDAQ:NTRS - Free Report) by 359.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,797 shares of the asset manager's stock after purchasing an additional 9,228 shares during the period. EP Wealth Advisors LLC's holdings in Northern Trust were worth $1,062,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. M&G Plc acquired a new position in shares of Northern Trust in the second quarter worth $971,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Northern Trust by 13.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,588 shares of the asset manager's stock worth $1,225,000 after acquiring an additional 1,727 shares in the last quarter. Welch Group LLC acquired a new position in shares of Northern Trust in the second quarter worth $257,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Northern Trust by 42.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,850 shares of the asset manager's stock worth $168,000 after purchasing an additional 550 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Northern Trust by 28.1% during the 2nd quarter. Blue Trust Inc. now owns 1,204 shares of the asset manager's stock worth $107,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company's stock.

Northern Trust Stock Performance

Shares of NASDAQ:NTRS traded down $3.00 on Wednesday, reaching $105.15. The company's stock had a trading volume of 2,428,868 shares, compared to its average volume of 1,299,338. The stock's 50-day moving average is $102.33 and its two-hundred day moving average is $91.86. Northern Trust Co. has a 52-week low of $76.67 and a 52-week high of $111.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $20.84 billion, a P/E ratio of 13.07, a PEG ratio of 1.21 and a beta of 1.07.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.85%. Northern Trust's dividend payout ratio (DPR) is 37.31%.

Insider Transactions at Northern Trust

In other Northern Trust news, Director Charles A. Tribbett sold 1,855 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.12, for a total transaction of $163,462.60. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $88,120. This represents a 64.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. South sold 5,000 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $105.80, for a total transaction of $529,000.00. Following the transaction, the executive vice president now owns 49,756 shares in the company, valued at $5,264,184.80. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,006 shares of company stock worth $8,653,352 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Northern Trust from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. StockNews.com raised shares of Northern Trust from a "hold" rating to a "buy" rating in a research report on Tuesday. Bank of America lifted their price objective on shares of Northern Trust from $103.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of Northern Trust from $100.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, UBS Group boosted their price target on shares of Northern Trust from $86.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Northern Trust has an average rating of "Hold" and an average target price of $105.00.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.